Electric car industry hitting the tipping point

The age of the electric car is upon us, or so the numbers would suggest.

Companies in cleantech, especially those making cars, received over $400 million in funding in the second quarter of 2010, according to an Ernst & Young analysis based off of Dow Jones VentureSource data.

A company called Better Place received the majority of this funding– $350 million of it—which is 23% of total financing doled out in the sector for the quarter.